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GOLDTRADER'S GROUP
Daily commentary on GOLD TRADING as it occurs real-time in New York on the Comex Exchange.
Friday, March 6, 2009
1:20PM PST LOOKS LIKE GOLD WILL SELL OFF FOR THE REST OF THE AFTERNOON TRADING
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THE BIG PICTURE SO FAR
THE UPTREND CHANNEL FROM THE MAJOR LOW AT 68970
THIS WEEK'S GOLD TRADING
2:15PM PST AFTERNOON CLOSE FOR THE WEEKEND
1:20PM PST LOOKS LIKE GOLD WILL SELL OFF FOR THE R...
12:43PM PST
12:39PM PST THE CURRENT UPTREND CHANNEL
11:04AM PST GOLD FALLING STEADILY ON LIGHT VOLUME
10:51AM PST GOLD TESTS THE DAY'S HIGH AT 94550 ON ...
10:34AM PST GOLD DAY SESSION CLOSES QUIETLY, THEN ...
10:19AM PST GOLD RISES TO THE BLUE DOWNTREND LINE ...
9:51AM PST GOLD HITS THE 75% RETRACE POINT AND SEL...
9:42AM PST GOLD TRADING SEEMS TO HAVE GONE QUIET
9:17AM PST THIS IS THE MORE MAJOR INVERSE H&S PATT...
9:13AM PST RETRACE POINTS FOR GOLD ON THE WAY BACK UP
9:07AM PST INVERSE H&S PATTERN, RESOLVES UP
8:49AM PST NEW LINES DRAWN, GOLD FALLS FURTHER
8:42AM PST NOT A BIG BOUNCE FROM 93840, FURTHER DO...
8:34AM PST GOLD WILL PROBABLY PULL BACK SLOWLY TO ...
8:20AM PST GOLD BEGINS TO PULL BACK
8:11AM PST VERY CAUTIOUS TRADING ON LIGHT VOLUME A...
7:53AM PST GOLD MAY TOP THE HIGH A BIT AND PULL BA...
7:42AM PST
7:36AM PST GOLD RISES TO THE 75% POINT ON GOOD VOL...
7:27AM PST PULL BACK COMING, THEN BACK UP TO AT LE...
7:16AM PST GOLD MOVING BACK UP ON VERY LIGHT VOLUME
7:09AM PST THE PULL BACK BEGINS
6:57 GOLD INCHING UP ON LIGHT VOLUME, PULL BACK CO...
6:47AM PST GOLD MOVING BACK UP VERY CAUTIOUSLY
6:36AM PST GOLD HITS THE FIRST 75% RETRACE POINT, ...
6:31AM AND GOLD DOES DROP, BIG TIME
6:31AM AND GOLD DOES DROP, BIG TIME
6:21AM PST GOLD STARTING TO FORM A LEDGE TO FALL FROM
6:14AM PST GOLD RETRACES TO RETEST THE LOWS
6:10AM PST GOLD STARTS BACK UP SLOWLY
6:03AM PST GOLD NOW RETRACES BIG TIME
5:55AM PST GOLD SPIKES ON THE JOBS DATA
2:15PM PST AFTERNOON CLOSE
12:43PM PST GOLD HAS BROKEN DECIDEDLY ABOVE THE BL...
12:37PM PST GOLD BLASTS THROUGH THE 75% RETRACE PO...
12:02PM PST GOLD KEEPS INCHING CLOSER TO THE 75% R...
10:54AM PST GOLD APPEARS TO BE TOPPING HERE
9:29AM PST JUST BEFORE THE DAY SESSION CLOSE
10:19AM PST POSSIBLE PULLBACK POINTS
10:12AM PST THE LARGER VIEW
9:58AM PST GOLD RETRACES WELL ON LIGHT VOLUME
9:51AM PST POSSIBLE PULL BACK POINTS
9:45AM PST GOLD FINDS RESISTANCE AT THE BLUE DOWNT...
9:30AM PST THIS RETRACE BACK UP IS ON VERY LIGHT V...
9:04AM PST GOLD STARTING TO BREAK UP AND OUT OF TH...
8:48AM PST GOLD CONTINUES UP TO THE BLUE DOWNTREND...
8:39AM PST RHINO HORN ALERT GOLD SPIKES ON STRONG ...
8:30AM PST VERY UNCERTAIN AS TO WHAT GOLD WILL DO ...
8:10AM PST GOLD DROPS TO THE BLUE DOWNTREND LINE F...
8:00AM PST GOLD HITS THE 75% RETRACE POINT ON LOW ...
7:50AM PST GOLD CREEPING HIGHER
7:38AM PST DOLLAR FALLS TO .8897
7:32AM PST POSSIBLE RETRACE POINTS BACK UP
7:11AM PST AND THE GOLD BASHING CONTINUES
6:39AM PST CURRENT TRADING RANGE BETWEEN BLUE LINE...
6:23AM PST HERE COMES THE DAILY GOLD BASHING
5:57AM PST GOLD PULLS BACK 75% OF THE LAST UP LEG
5:52AM PST POSSIBLE PULL BACK AREA FOR TODAY
6:45PM PST LAST CHART TONIGHT UNLESS SOMETHING WIL...
6:40PM PST SOME OF THE 75% RETRACE POINTS THAT GOL...
6:31PM PST GOLD RALLIED ALL THE WAY BACK TO WHERE ...
12:29PM PST GOLD RISES OF THE LOWS $9, PULLS BACK,...
11:56AM PST GOLD RALLY IN PROGRESS, UP $6
11:45AM PST ANOTHER RETEST OF THE LOW AND A BOUNCE
GOLD FALLS TO NEAR THE 50 DAY MA
THE LARGER VIEW OF WHERE GOLD HAS FALLEN TO
11:13AM PST GOLD DIPS FOR NO LOGICAL REASON, BUT B...
11:10AM PST GOLD DOWN $107 FROM THE TOP
10:31AM PST GOLD CLOSES NEAR THE LOWS OF THE DAY
10:19AM PST GOLD RETESTS THE NEW LOW AND BOUNCES B...
10:01AM PST GOLD RETESTS THE LOWS OF THE DAY
9:39AM PST INDICATOR MARKETS ARE LINED UP IN FAVOR...
9:30AM PST GOLD RISING CAUTIOUSLY ON LIGHT VOLUME
9:12AM PST GOLD DROPS TO THE BOTTOM OF THE WHITE T...
9:00AM PST GOLD SHOULD RALLY SOON, SUPPORT AT THE ...
8:07AM PST 75% RETRACE OF LAST UP LEG, NOW BACK UP
7:55AM PST THE NEXT TWO 75% RETRACE POINTS
7:50AM PST GETTING CLOSE TO THE 75% RETRACE POINT ...
7:35AM PST STRONG RUN UP WITH NO PULL BACK ON GOOD...
7:26AM PST A PULL BACK, THEN HIGHER
7:15AM PST THE FIRST UP RETRACE, NOW A 75% PULL BA...
6:59AM PST ANOTHER DIP A BIT LOWER? THEN UP
6:43AM PST NOW A RETEST OF THE LOW OR LOWER, THEN ...
6:37AM PST A LITTLE MORE DOWN TO GO?
6:29AM PST BE CAREFUL AGAIN!
6:07AM PST GOLD SHOULD RETRACE TO WHERE THE RIGHT ...
6:00AM PST THREE PULL BACK SCENARIOS
5:56AM PST H&S PATTERN VIOLATED, GOLD HITS 75% POI...
5:51AM PST BE CAREFUL HERE!
5:37AM PST A BLOW OFF TOP IN GOLD, A PULL BACK, TH...
5:30AM PST NEXT 75% RETRACE POINT AT 92390
5:26AM PST GOLD SPIKES ON THE OPEN
5:07AM PST THE UP FLAG RESOLVES DOWN
4:59AM PST THE SELL OFF, THE RALLY, THE SELL OFF
4:54AM PST WED OVERNIGHT GOLD
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